- Capital Power (CPX) has a new 23-year clean electricity supply agreement in the bag with Public Services and Procurement Canada
- The company is known for its 7,500 MW of power generation capacity at 29 facilities across North America
- Capital Power will acquire 250,000 megawatt-hours of electricity per year
- The 151 MW Halkirk 2 Wind project will give renewable energy for the remainder of the term
- Capital Power Corporation (CPX) is down 0.84 per cent, trading at C$43.73 at 2:59 pm EST
Capital Power Corporation (CPX) enters a 23-year clean electricity supply agreement with
Public Services and Procurement Canada to protect the environment.
The company is known for its 7,500 MW power generation capacity at 29 facilities across North America.
Through the supply agreement, the hope is to meet the power needs of all federal government buildings in Alberta with clean electricity and to do so effectively.
“This initiative with Capital Power is an important step to support communities and protect our environment by investing in renewable electricity,” said the Honourable Helena Jaczek, Minister of Public Services and Procurement.
By working towards the clean electricity agreement, the company will acquire 250,000 megawatt-hours of electricity per year.
Initially, this will be through a Canadian-sourced renewable energy credit until Capital Power’s proposed Alberta-based Halkirk 2 Wind project is completed.
The 151 MW Halkirk 2 Wind project will give renewable energy for the remainder of the term – representing approximately 49 per cent of the facility’s output.
As part of the agreement, Capital Power will also secure an equity partnership with local Indigenous organizations related to the project to help protect the environment.
“We’re pleased to support the Government of Canada’s commitment to power all federal buildings with 100 per cent clean electricity by 2025,” said Chris Kopecky, Senior Vice President and Chief Legal, Development and Commercial Officer.
“Collaborative agreements like this support our collective net zero goals […] and help advance the development of renewable power generation facilities,” added Kopecky.
“Through this long-term project we are greening federal operations, fighting climate change and creating a healthier environment for Canadians,” concluded Jaczek.
Capital Power, based in Edmonton, Alberta, is narrowed in on being a growth-oriented North American wholesale power producer with a strategic focus on sustainable energy.
Capital Power Corporation (CPX) is down 0.84 per cent, trading at C$43.73 at 2:59 pm EST.
